IndiGo Ventures, the investment group of India’s largest airline, IndiGo, has announced it has raised INR 450 crore for its first fund.
The fund started in August 2024 after getting approval from SEBI. It can rise to INR 600 crore. The fund will invest in early-stage startups in aviation and related areas, mainly companies at pre-Series A to Series B stages.
Along with this news, IndiGo Ventures shared that it made its first investment in Jeh Aerospace, an aerospace and defense startup based in Bengaluru.
They did not say how much money they invested.
Jeh Aerospace, started in 2023 and based in Bengaluru, makes very precise parts used in aero engines and defense.
The company says it has delivered over 100,000 important flight components and signed $100 million in long-term deals with global aerospace companies. It has 100 engineers and follows top-quality standards (AS9100).
With this investment, IndiGo Ventures, the investment arm of IndiGo airline, wants to use its aviation experience and money to build strong partnerships in the industry.
IndiGo CEO Pieter Elbers said the investment will help bring new technologies faster and support India’s growth as an important aviation center.
Jeh Aerospace CEO Vishal R. Sanghavi said the funding will help the company produce more parts and improve its AI-based manufacturing systems.
IndiGo is now one of the Indian companies that have started venture funds to help startups related to their main business areas.
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